Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h +0.075%

Price spread now: Polymarket Perps against KuCoin+0.249%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.307%+$31 on $10k

Price spread, last 7 days−0.248%−$25 · spread now +0.249%, 7d avg −0.039%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Polymarket Perps is 0.288% dearer against KuCoin than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.5901	0.0552	pay 0.0276% / 4h	47m 09s	$1.6M	$3.7M	20x
Short	Polymarket Perps PONS-USD	0.5916	0.0872	get 0.0109% / 1h	47m 09s	$65K	$1.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.249%Rate

Funding earned: $67.1
Price spread: +0.249% → −0.039%: $28.76
Slippage, 4 orders: −$58.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $17.43
Costs to cover: 0.784%
Break-even: 5.2 days

Slippage from KuCoin: live order book, 5 min ago; Polymarket Perps: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 5 min ago	2.87 bp	27.6 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	3.30 bp	7.3 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0032%	1h	0.5900	−0.012%	$234K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.159%	$614	$10K	5.5x	as long as short
Lighter PONS	+0.0096%	1h	0.5907	+0.100%	$1.6M	$881K	3x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5906	+0.088%	$402K	$2.4M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5913	+0.202%	$21K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5910	+0.151%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5906	+0.085%	$34K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5906	+0.076%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5908	+0.119%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5901	+0.005%	$25K	$524K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5920	+0.324%	$64K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5914	+0.219%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0175%	4h	0.5914	+0.226%	$1.4M	$3.9M	—	as long as short
Nado PONS-PERP	+0.0199%	1h	0.5907	+0.106%	$69K	$129K	5x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5903	+0.024%	$368	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0323%	4h	0.5905	+0.066%	$13.4M	$53.9M	20x	as long as short
Aster PONSUSDT	+0.0380%	4h	0.5905	+0.064%	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0438%	4h	0.5906	+0.083%	$17.6M	$30.7M	20x	as long as short
Bitget PONSUSDT	+0.0442%	4h	0.5907	+0.107%	$4.6M	$11.5M	20x	as long as short
BingX PONS-USDT	+0.0502%	4h	0.5907	+0.100%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0520%	1h	0.5902	+0.023%	$105K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0522%	4h	0.5904	+0.049%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0523%	4h	0.5906	+0.083%	$38.8M	$94.8M	20x	as long as short
edgeX PONSUSDC	+0.0526%	4h	0.5904	+0.046%	$18K	$293K	10x	as long as short
KuCoin PONSUSDTMlong	+0.0552%	4h	0.5901	long leg	$1.6M	$3.7M	20x
Hyperliquid PONS	+0.0728%	1h	0.5912	+0.178%	$60.2M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0763%	4h	0.5907	+0.100%	$1.7M	$947K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.5901	+0.004%	$46K	$67K	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0872%	1h	0.5916	+0.249%	$65K	$1.6M	3x
Phoenix PONS	+0.1736%	1h	0.5918	+0.285%	$31K	$104K	3x	as long as short